It’s been more than a month since the Indian Government has declared the demonetization of 500 and 1000 rupee notes. Whether it’s a bold step by PM Narendra Modi to strengthen the economy of the country, whether it’s an appropriate move to go after the black money accumulated through years or a major assault to fake currency, are not germane to my discussion right now. All these can only be figured out after a considerable amount of time. As of now, I’m more concerned about the cash flow needed by us, the common people, to lead a normal life.
The announcement on 8 November 2016 was immediately followed by a severe crisis of liquid cash in banks and ATMs. Now, even after one month, the situation has not improved much. Over the counter exchange of old notes has stopped resulting in making the queues in front of banks and ATMs longer and serpentine. Now, we can only withdraw money from the bank or an ATM.
That sounds pretty simple, isn’t it? But, practically, it’s becoming a nightmare to procure cash to meet the nitty-gritty of life. Most of the ATMs are running out of money, in many places, when they are working, they are discharging notes of higher denominations other than hundred adding more to the conundrum. As the daily withdrawal limit is INR 2000 for each debit/credit card, it’s becoming literally useless when the ATM machine is gurgling out a single new note of 2000! Moreover, the long queue is making people impatient. I, myself, witnessed a few minor ruckus over the period of time.
A few days ago, I failed to spot a single running ATM. Everywhere the shutters were half-closed with the notice dangling “Out of Cash”. After dawdling around in vain for over an hour, I put up a status update on Facebook regarding the same. It was then, a friend informed me about Money View, an app that would help you to have a slight edge over others to find ATMs with cash near you.
Well, honestly, I didn’t pay much heed to my friend’s advice at first as I was totally exasperated with my harrowing experiences in finding active ATMs. Back home, I downloaded and installed the app to try my luck. To find ATMs with cash is no less a strenuous job than Finding Nemo. But, to my utter amazement, the Money view App turned out to be quite helpful. The app distinctly shows the state of the ATMs near you or at any given place in real time; that is, whether they are active right at the moment, or, were active 3 hours ago and so on.
Not only the app helps to locate nearby active ATMs, but it also informs you about the denomination of notes a particular ATM is discharging. I find this feature particularly useful as I said earlier, getting a single note of INR 2000 only adds more to the morass. Apart from the ATMs, the App provides information about the closest Big Bazaars, Petrol pumps and Inox multiplexes where you can get cash. You can also keep track of your transaction and set a budget with it.
With a huge user base of 5 million, the Money View App is undoubtedly the best one to serve your purpose of finding ATMs. I’m using it and, it has served its purpose pretty well as of now.
You can download the app HERE. If you happen to be on a desktop, you can then also track the ATMs with Money View App. Try it out, it’s really useful.
What are your experiences regarding finding ATMs and withdrawing money post demonetization? Share with us.